E-mini Russell 2000 Index Futures Spread Trading article 10.18.2017

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Dear Traders,

Interesting read and topic by the CME group:

E-mini Russell 2000 Index Futures Spread Trading

Deflation Basics Series: The Quantity Theory of Money

By Elliott Wave International

Here’s our challenge.

In order to be aware of the investment pitfalls and opportunities that deflation can bring, we must first understand the basic elements of why it occurs. So our challenge is to try and make monetary economics, a subject that most people would find duller than watching paint dry on a wall, understandable and, dare I say it, fun! It’s a big ask but we like a test, and so here is the first in our Deflation Basics Series — The Quantity Theory of Money.

To read the rest of the article please click on the link below:

http://www2.elliottwave.com/affiliates_pr/archives/2017/10/17/Deflation-Basics-Series-The-Quantity-Theory-of-Money-aa.aspx

Continue reading “E-mini Russell 2000 Index Futures Spread Trading article 10.18.2017”

Futures Trading Levels & Economic Reports for October 17th 2017

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Dear Traders,

I have touched about this topic before in different ways but definitely worth revisiting.

I call it:  “There is more to daytrading futures than the mini SP 500….”

When we first started offering online futures trading, back in 1997, mini SP was the king.

Stock index futures had more volatility, the market was actually moving both up and DOWN..and it was the first electronic contract. 20 years later, there are almost no pits….ALL markets are electronic, stocks been going up, almost in a straight line and we are in zero rates/ zero volatility type of environment. I am sure this will change, big question is when.

Until it does….if you have not already done so here are a few pointers I am throwing at you for further thought, exploration:

  1. Crude oil, gold are quite a bit more volatile and move both up and down. Take a look, try in demo mode.
  2. Bonds and grains offer different type of personality than some of the other markets. Again, try it in demo mode, learn contract specs and behavior.
  3. Weekly options are now available on major markets. I like some of the advantages these options have offer straight futures as well as the combination one can use. Read more here.
  4. There new contracts ( some are not that new but worth mentioning) VIX futures are an interesting product. Currency futures been around for years and are a better vehicle in my opinion than FOREX.
  5. Consider adding automated systems to your portfolio.

I am sure there is more but hope these few pointers will help you explore trading the right way. Continue reading “Futures Trading Levels & Economic Reports for October 17th 2017”

Try our advanced FREE trading software Levels & Economic Reports for 10.11.2017

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Dear Traders,

* The Dow Jones has rallied over 4,000 points since the U.S. elections. This will not continue forever. Consider allocating some gains into alternative investments like trading systems shared below offered by Cannon Trading, a 29 year veteran.

TRADE SMART / BASE TRADING ON ACTUALS ONLY — for the current rankings as well as actual performance of trading systems traded at Cannon, click here.

Cannon Trading Company Inc. is registered with the CFTC and a member of the NFA.

** Updates to E-Futures Int’l: Our FREE trading platform now offers theoretical values ( delta, gamma, theta) on option chains!

Add this to margin calculator, news, server side advanced orders and MUCH more to make this the BEST free trading platforms in our opinion!

Try it for FREE if you have not done so yet.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Futures Trading Levels

10-11-2017

Contract December 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2561.17 6110.50 22826 1531.53 5408.32
Resistance 2 2555.83 6097.25 22789 1524.77 5137.18
Resistance 1 2549.92 6081.25 22751 1516.33 4957.44
Pivot 2544.58 6068.00 22714 1509.57 4686.30
Support 1 2538.67 6052.00 22676 1501.13 4506.56
Support 2 2533.33 6038.75 22639 1494.37 4235.42
Support 3 2527.42 6022.75 22601 1485.93 4055.68
Contract December Gold Dec. Silver Nov. Crude Oil Dec.  Bonds Dec.  Euro
Resistance 3 1301.1 17.35 50.49 152 25/32 1.1846
Resistance 2 1294.5 17.19 50.14 152 18/32 1.1823
Resistance 1 1290.8 17.09 49.83 152 11/32 1.1808
Pivot 1284.2 16.93 49.48 152  4/32 1.1785
Support 1 1280.5 16.82 49.17 151 29/32 1.1771
Support 2 1273.9 16.66 48.82 151 22/32 1.1748
Support 3 1270.2 16.56 48.51 151 15/32 1.1733
Contract Dec.  Corn Dec. Wheat November Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 352.3 445.8 983.75 324.27 2.93
Resistance 2 351.2 443.7 979.75 322.43 2.91
Resistance 1 350.3 439.8 973.25 318.97 2.87
Pivot 349.2 437.7 969.25 317.13 2.85
Support 1 348.3 433.8 962.8 313.7 2.8
Support 2 347.2 431.7 958.75 311.83 2.79
Support 3 346.3 427.8 952.25 308.37 2.75

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - Wednesday, October 11th

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

The World Cup Championship of Futures Trading – Trading Levels for Oct 10th

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Dear Traders,

World Cup Championship of Futures TradingWorld Cup Championship

Futures and forex trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product. CME Group is the trademark of CME Group, Inc. The Globe logo is a trademark of Chicago Mercantile Exchange, Inc. Continue reading “The World Cup Championship of Futures Trading – Trading Levels for Oct 10th”

How to Choose Best Futures Trading Platform? – Trading Levels Oct 6th, 2017

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Choosing the Best Futures Trading Platform:

Charts are a trader’s best friend, so good charting is a must when deciding what platform to use. After that it depends on style. If you are a day trader you need the ability to trade with one click, because you are trying to capture quick moves in the market. If you are holding for a period of days this is obviously less important. Everyone should have risk management in their trades, so having a platform that allows you to place stop orders the way you like, (limit, market, trailing, OCO’s) is extremely important. Finally, if you are trading multiple markets, or just watching other markets that effect the one you are trading, having the ability to have multiple charts and DOMs on one screen is nice. Everyone has different style and nuances to trading, so finding what works for you will help make the experience much more enjoyable.

Other factors to consider: Continue reading “How to Choose Best Futures Trading Platform? – Trading Levels Oct 6th, 2017”

Selling Premium, Trading Levels for 10.04.2017

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We have gotten some inquiries recently from traders like you, asking if we accept clients who sell option premium.

The answer is yes.

We accommodate premium sellers and in normal market conditions we charge the exchange minimum margins, SPAN. If you are interested in getting more info, please contact us.

Selling options premium is yet another trading strategy in our trading world with advantages and disadvantages and success often comes down to money management in most cases…

We have written a good article about selling options and option spreads, if you are unfamiliar with option strategies, at:

https://www.cannontrading.com/tools/education-futures-options-trading-101

Continue reading “Selling Premium, Trading Levels for 10.04.2017”

Webinar Invite + Levels & Economic Reports for October 3rd 2017

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Please register for “Learn to Utilize TAS Market Profile in Your Trading” on Oct 3, 2017 1:00 PM PDT at:

https://attendee.gotowebinar.com/register/3635216724538295298 

Join us for a 60 -minute webinar on Tuesday October 3rd at 3:00 P.M., Central Time.

Steve Dahl of TASMarketProfile will review:

  1. How Market Profile changed the way volume is analyzed daily by institutional traders.
    2. How to identify possible high-probability setups and attractive risk/reward trades.
    3. How to filter through market noise and pinpoint fast-moving breakout moves.

Don’t wait, seats are limited. 

BONUS: Attendees get TAS Fast Track Market Profile Video Course 100% FREE! (a $97 value)

Reserve Your Seat Now!

After registering, you will receive a confirmation email containing information about joining the webinar.

Continue reading “Webinar Invite + Levels & Economic Reports for October 3rd 2017”

Webinar, Trading Championship and Trading Levels for September 29th 2017

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Two impressive events you should take 2 minutes to read and explore:

  1. We have a webinar next week, Tuesday which I think is very valuable:  Learn TAS Market Profile & Thrive!
  2. World Cup Trading Championship is about to begin. Show your skills in trading the CME e-minis!
  3. I have added the BitCoin indexsupport and resistance to the blog! Feedback is welcomed.

Auto Trading Systems and Levels for 9.20.2017

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Front month for crude oil futures is now November(X).

Currencies, Stock Indices, Metals(call your broker for liquid Platinum contract months), Financials are all the December contract. Z= December.

An excellent read from the Wall St. Journal:  https://www.wsj.com/articles/your-tolerance-for-investment-risk-is-probably-not-what-you-think-1505096160?mg=prod/accounts-wsj

And last but not least, have you explored our menu of automated trading systems?

look at live results, back test results, filter out by markets, strategy and MUCH more. Start exploring here.

Continue reading “Auto Trading Systems and Levels for 9.20.2017”

Traders Interviews + Levels for 9.14.17

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Visit our Traders Interview page with some good insight after talking to more than a few traders:

https://www.cannontrading.com/traders-interview/